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Cartels engage in several unfair business practices, most notably price-fixing, where they collectively agree to set prices at a certain level, undermining competitive pricing. They may also engage in market allocation, dividing territories or customers among themselves to avoid competition. Additionally, cartels might use bid-rigging in procurement processes to manipulate outcomes in their favor, ultimately harming consumers and other businesses. These practices distort free market dynamics and can lead to legal repercussions for the involved parties.

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6d ago

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